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Mortgage technology

Newrez rolls out AI consumer-facing guide in ChatGPT

Artificial Intelligence, Industry News, Mortgage technology, Originations /

After recently touting the cost savings it expects artificial intelligence to deliver, mortgage lender Newrez announced the launch of an AI-backed borrower-assistance tool within ChatGPT.  Processing Content Dubbed Rezi Mortgage Assistant, the lender’s large language-model guide sits squarely within OpenAI’s generative chatbot platform. Output from the assistant is based on Newrez’s internal underwriting guidelines and […]

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Figure drops hints of future mortgage product

Earnings, Industry News, LOAN PRODUCTS, Mortgage technology, Originations /

Figure Technology Solutions reported a profitable start to 2026, driven by new partnerships on its blockchain-backed loan and capital marketplace, and signaled a potential future mortgage offering. Processing Content The New York-based fintech reported net income of $45 million in the first quarter, almost tripling its gain from $15.1 million three months earlier. The latest

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Mortgage rate locks sink after previous month’s surge

Capital markets, Mortgage Rates, Mortgage technology, Originations, Secondary markets /

Rate locks on home loans fell in April with a particularly steep dive in refinancing activity as the impact from March’s higher financing costs reversed some previous gains. Processing Content Overall, locks fell 9% from the previous month as purchase loans inched down 2% and rate-and-term refinances dropped by nearly 38%, according to Optimal Blue,

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GSEs clarify new appraisal format adoption timeline

GSEs clarify new appraisal format adoption timeline

Appraisals, Mortgage technology, Secondary markets, Underwriting /

The secondary market agencies have put out a clarification to the UAD 3.6 adoption timeline, which ends any confusion about when the standard goes into effect. Processing Content Mandatory use for UAD 3.6 remains starting Nov. 2. But a wording change makes it clear it applies to new appraisals being put into the Uniform Data

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eXp expands platform with acquisition of NextHome

Industry News, M&A, Mortgage technology /

eXp World Holdings, the parent company of eXp Realty, FrameVR.io and Success Enterprise, has acquired real estate franchise NextHome, it announced in a press release Thursday. Financial details of the transaction were not disclosed. Processing Content The company will also trade under the new ticker symbol AGNT on the Nasdaq Global Market starting Friday. “The

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How FHA’s new loss-mit rules are squeezing servicers

Distressed, Mortgage technology, Politics and policy, Secondary markets, Servicing /

Last year’s update in the Federal Housing Administration’s “waterfall” of actions servicers must take when borrowers go delinquent is creating a surge in trial modifications that presents a particular concern for less sizable players. Processing Content Under the previous pandemic rules, distressed FHA-insured borrowers could repeatedly request assistance with partial claims that reduce payment size

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Figure partners with Credibly to expand SMB lending

Industry News, LOAN PRODUCTS, Mortgage technology, Originations /

Figure Technology Solutions announced its second partnership over the past month, this time with an AI-powered working capital company focused on expanding and democratizing access to financing for small- and medium-sized businesses. Processing Content The collaboration with Credibly will help Figure grow its presence in the SMB lending space, one of the company’s fastest growing

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Mortgage brokers embrace AI but seek better tools, training

Artificial Intelligence, Mortgage brokers, Mortgage technology /

Mortgage brokers are active users of ChatGPT and ready to add artificial intelligence tools to their workflows, but a majority still have questions surrounding which software best serves their needs. Processing Content More than half, or 55%, are already implementing AI on a regular basis, with approximately 35% already considering themselves daily users, according to

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ICE sees transaction revenue surge in mortgage unit

Earnings, Mortgage technology /

Intercontinental Exchange had more green shoots in its mortgage technology business to start the year, including a sizable gain in transaction revenue.  Processing Content The ubiquitous software provider reported mortgage segment revenue of $539 million for the first quarter, building on the 3-year high it posted in the prior reporting period. Within that business, ICE

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UWM’s Ishbia talks surprise partnership with past Rocket foe

Industry News, Mortgage brokers, Mortgage technology, UWM /

A lunch meeting between once bitter adversaries turned into a business agreement that few in the mortgage industry saw coming this week.  Processing Content Now aligned on the same side, United Wholesale Mortgage CEO Mat Ishbia and longtime Rocket executive Mike Fawaz raised eyebrows with their eye-opening new alliance that provides a big boost and

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